American Jobs Creation Act of 2004, Section 422 (Repatriation Tax Holiday)

Government Record · U.S. Congress · October 22, 2004

The American Jobs Creation Act of 2004, Section 422: companies could bring overseas profits home at an effective federal tax rate of about 5.25 percent, sold as a way to create U.S. jobs.

There shall be allowed as a deduction an amount equal to 85 percent of the cash dividends which are received during such taxable year

p. 98

The American Jobs Creation Act of 2004, Section 422: companies could bring overseas profits home at an effective federal tax rate of about 5.25 percent, sold as a way to create U.S. jobs.

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